Recent exceptional positive changes in investment behavior have benefitted Atlantic Union Bankshares Corp (NYSE: AUB): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Atlantic Union Bankshares Corp (NYSE: AUB) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AUB is expected to continue to be a Value Builder.
Atlantic Union Bankshares has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Atlantic Union Bankshares has a neutral Power Rating of 53 but a good Appreciation Score of 78, and the Positive Value Trend Rating results.
Recent Price Action
Atlantic Union Bankshares Corp (NYSE: AUB) stock closed at $32.85 on 6/28/24 after a large increase of 2.8%. Moreover, trading volume in this advance was exceptionally high at 339% of normal. The stock has risen 4.4% during the last week and has performed in line with the market over the last nine months.
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